Hey guys,
We are a young couple looking to get a home loan for a townhome/condo in Dallas, TX. We had a couple interviews with a few brokers and BofA (I am platinum preferred there, which is why I considered them): they all pre-approved us with the amount we want.
We have been told that brokers are preferred because they do a faster closing and that sellers don't like to see BofA (or banks) as lenders. Is there any truth to this or is it purely the "sales pitch" of the broker. Banks must have a "pro" too otherwise why would people choose them?
The broker(s) have been refereed to me by my realtor (which I trust), she works with them often and they gave me a good impression on the phone as well.
BofA offers me a 0.25% interest discount and $600 off my mortgage initiation fees. I went to see the BofA specialist face to face and I was honestly impressed by her professionalism and her attitude.
My question is : What is the pro & cons of a mortgage broker vs. a bank? Should I pick BofA?
Submitted June 26, 2017 at 01:48PM by gnaark http://ift.tt/2sJId5C
